Then why are there trading teachers?
And how would a newcomer know that a guru is "adequate in teaching?" What would be the basis for this determination? A flashy web site? Glowing testimonials? A fool and his money...
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why do many traders give seminars etc..?
- Thread starter chipper
- Start date
I could not possibly imagine charging a fee to tutor strangers at seminars in the fine art of trading.
If asked why I think that most people fail at trading, my inclination would be because they fail to take responsibility for themselves and the consequence of their actions.
And these are the people who are most likely to be attracted to trading seminars and you are the person most likely to cop the blame for their ineptitude.
Here on ET, I have no email or PM contact available. Anything worth saying to me should be said in the threads.
Why you may ask...
Well my occasionally my mutterings seemed to hit a cord with some people and they would PM me asking for the product of my many thousands of hours of thought and observations spread over twelve years.
It was not mean spiritedness on my part that switched off my PM contact in the end, but rather the fact that they would be back the next day telling me that things were not working for them despite the fact they devoted a full couple of hours to the subject in hand.
Anyway, I enjoy doing what I do and that is why I would never ruin my life offering fee paying seminars.
regards
f9
If asked why I think that most people fail at trading, my inclination would be because they fail to take responsibility for themselves and the consequence of their actions.
And these are the people who are most likely to be attracted to trading seminars and you are the person most likely to cop the blame for their ineptitude.
Here on ET, I have no email or PM contact available. Anything worth saying to me should be said in the threads.
Why you may ask...
Well my occasionally my mutterings seemed to hit a cord with some people and they would PM me asking for the product of my many thousands of hours of thought and observations spread over twelve years.
It was not mean spiritedness on my part that switched off my PM contact in the end, but rather the fact that they would be back the next day telling me that things were not working for them despite the fact they devoted a full couple of hours to the subject in hand.
Anyway, I enjoy doing what I do and that is why I would never ruin my life offering fee paying seminars.
regards
f9
Quote from Thunderdog:
Then why are there trading teachers?
And how would a newcomer know that a guru is "adequate in teaching?" What would be the basis for this determination? A flashy web site? Glowing testimonials? A fool and his money...
Newcomer shouldn't know. That's the whole fun part of the process. The newcomer shouldn't be influenced by an "adequate teacher". Their minds should be an open book.. fluid and dynamic like the market itself and nimble and flowing like a river.
There are no adequate teachers or methods. The new comer should eventually understand that he or she should dig within themselves to find if they are "adequate" and worthy to be a trader.
Spending money indiscriminately on "instruction?"Quote from TudorJones:
Newcomer shouldn't know. That's the whole fun part of the process...
And should the wallet also be open and fluid, with its hard-earned contents flowing down the drain?Quote from TudorJones:
...Their minds should be an open book.. fluid and dynamic like the market itself and nimble and flowing like a river...
But not until they have spent themselves silly on "adequate" instruction, right?Quote from TudorJones:
...There are no adequate teachers or methods. The new comer should eventually understand that he or she should dig within themselves to find if they are "adequate" and worthy to be a trader.
You're thinking of becoming a trading coach, aren't you? And, no doubt, you take umbrage at the notion of subjecting your P&L to scrutiny.
Quote from TudorJones:
Newcomer shouldn't know. That's the whole fun part of the process. The newcomer shouldn't be influenced by an "adequate teacher". Their minds should be an open book.. fluid and dynamic like the market itself and nimble and flowing like a river.
There are no adequate teachers or methods. The new comer should eventually understand that he or she should dig within themselves to find if they are "adequate" and worthy to be a trader.
You are bordering on th realms of fantasy, Jones
regards
f9
Professional traders don't give seminars. Their edge is worth far more than they could collect at a seminar. Pay for a seminar = wasted money. Period.
Quote from Thunderdog:
You're thinking of becoming a trading coach, aren't you?
I'm sure your $9,999 is well spend on me.
Let me just say that.. I'm glad that I wasn't influenced by an "adequate" trading teacher.
My mind was open, fluid, and dynamic to uncover a method that truly worked. It was HARD, EXPENSIVE, and TIME CONSUMING, and I would never recommend my way to anyone. I was able to do a Phd in Trading because I was still in college.
But, I understand that most are not afforded that situation, and listenting to my advice on how to be a good trader would be fatal for them. SORRY.. I hope the end reader is capable to wading through posts to uncover advice that best fits them.
Nice post Brandon. As Rich Dennis said "you could publish trading rules in the newspaper and no one would follow them."
BTW: I'm glad you're feeling better. I've only met you once but you were in my prayers......
BTW: I'm glad you're feeling better. I've only met you once but you were in my prayers......
Quote from Brandonf:
Because people can't follow a simple set of intructions. If you tell them the buy point is a trade above 10.10 they will remember that three times ago they missed a breakout, so this time god damn it they are not going to miss it, 9.99 is trading very briskly and they just know its going to go leave the station heading to money with everyone but them on board. They end up buying a stock they never should have been in the first place, which to me would mean just sell it, make 2 cents, lose 2 cents, whatever the case may be, when the case of the crazies wears off the thing to do is get out of the stock. Of course they wont do that, they will look at the chart and put the stop at say $9.20. Then of course as soon as 100 shares goes off at $9.20 they know its going to crater fast so they better get the hell out now. A few more times it trades around $9.20 but thats the bottom. Two days later the stock trades the entry criteria, but they are still pissed off that "that stock burned me two days ago, to hell with it, its a piece of shit" and so they wont touch it. Next thing you know its trading at $15.00 and all they have to show for it is an 80 cent loss.
This is basically why in the free mentoring group im going to be giving to some people from ET I have basically asked that the people be at least breakeven, because if you can get to that point you don't have as many bad habits holding you back, and most of the stupid newbie ideas about the markets have been beaten out of you.
Quote from l2tradr:
I think the answer is pretty simple: It's a great source of additional risk-free income. If I can make say $1MM a year trading my own account and another $100K in giving seminars, why wouldn't I do that?
isn't that what bill and hilary did?
see their disclosed tax returns lately?